Having just opened its 700th grocery store in Poland, Portuguese
retailer Jeronimo Martins intends to maintain its focus on the
smaller store format. Success in this market is helping the company
remain profitable, despite stagnant...
Portuguese group Jerónimo Martins has announced a 78 per cent
increase in its half yearly profits, boosted by a significant
increase in its Polish retail operations, helping the division to
increase its lead in that market.
Selling off its loss-making units over the last year has put
troubled Portuguese retailer Jeronimo Martins on the road to
recovery. But with a high debt level still in need of reduction,
the company still has a way to go before it...
Portuguese retail group Jeronimo Martins has sold its Eurocash cash
& carry business in Poland to an MBO, allowing it to
concentrate on its Biedronka business there.
Disposal of various loss-making businesses has helped Portuguese
retailer Jeronimo Martins to reduce its debts in the first half,
but exposure to volatile economic conditions means a return to the
black could take some time yet.